FBO's
Name one of the Aviation Regulatory Agencies?
Federal Aviation Administration
True or False:
A manager should be able to manage time effectively
True
Definition of Management?
Management is defined as getting things done through others
What had the largest impact on general aviation operations?
The September 11th attacks
of the 4 main forms of profit within the industry of making money, name 2
Reward for effort
Reward for Risk
Name a few of the services that FBO's typically conduct?
Fueling, towing, and marshalling
How many "Traditional Functions of management" are there?
Definition of marketing?
the activity or business of promoting and selling products or services, including market research and advertising
What is the benefit of market research?
the business owner is then able to follow the trends and understand the reason for the changes.
what is reward for risk?
reward for the risk of entrepreneurship
Name one of the functions of TSA
Aviation Security
12
Definition of time management?
The process of planning and exercising conscious control of time spent on specific activities
How many areas are there of pricing policy?
7
what does profit to sales ration entail?
indicates the size of profits in relation to total dollars brought into the company through sales
Who's responsible for reporting directly to congress on safety accidents
National Transportation Safety Board (NTSB)
What is the best strategy for time management
Delegation
Definition of a "Full Service" FBO?
Provides a range of essential services to private and business aviation travelers
Four P's of marketing
Product, Price, Place, and Promotion
what is the greatest fault in any plan?
To not plan for profit and hope for the best
75%
What are the four traditional functions of management?
Planning / organizing / directing and coordinating / controlling
the process by which businesses or other organizations develop international influence or start operating on an international scale
What is the current trend in aviation markets?
The aviation industry is in an upward trend of innovation, sustainability, and prosperity
What is Social Responsibility in terms of profit objectives?